|
Enbridge Inc. Cumulative Redeemable Reset Rate Preference Shares, Series L
Ticker Symbol: EBBNF CUSIP: 29250N790 Exchange: OTOTC
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Enbridge Inc. Cumulative Redeemable Preference Shares, Series L, liquidation preference $25 per share, redeemable at the issuer's option on 9/01/2017 and every September 1st in every fifth year thereafter at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is the record date). The Annual Fixed Dividend Rate will be $1.00 until the first redemption date, then it will be equal to the sum of the Non-callable 5 Year United States Treasury bond on the applicable fixed rate calculation date plus 3.15%, resetting every 5 years thereafter on the applicable fixed rate calculation date. (see prospectus for more details). On 9/01/2017 and every September 1st in every fifth year thereafter the holder will have the right to convert their Cumulative Redeemable Reset Rate Preference Shares, Series L into Cumulative Redeemable Floating Rate Preference Shares, Series M (see prospectus for more details). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company.
|
Go to Parent Company's Record (ENB)
|
Notes: August 02, 2022 -- The new annual dividend rate applicable to the Series L Shares for the five-year period commencing on September 1, 2022 to, but excluding, September 1, 2027 will be 5.85790 percent, being equal to the five-year United States Government treasury bond yield of 2.70790 percent determined as of today plus 3.15 percent in accordance with the terms of the Series L Shares. The new annual dividend rate applicable to the Series L Shares for the five-year period commencing on September 1, 2017 to, but excluding, September 1, 2022 will be 4.959 percent, being equal to the five-year United States Government treasury bond yield of 1.809 percent determined as of today plus 3.15 percent in accordance with the terms of the Series L Shares.
|
Market Value $ Million
Click for current EBBNF price quote from the PINK SHEETS
Click for current EBBNF price quote from the NASDAQ
|
Company's Online Information Links
|
| Company's Online Government Filings Links |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 200, 425 1st Street S.W., Calgary, Alberta, Canada T2P 3L8 |
| Main Phone Number |
403-231-5935 |
| Fax Number |
403-231-5780 |
|
Inv Rel Phone Number
|
403-231-5957 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: 1100 Louisiana, Suite 3200, Houston, TX 77002 |
| Main Phone Number |
713-650-8900 |
| Fax Number |
403-231-5780 |
| Investor Relations
Rebecca Morley
|
800-481-2804
|
| Toll Free Phone Number |
800-481-2804 |
| CEO - Gregory L. Ebel |
CFO - Vern D. Yu |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
